Steak ‘n Shake, a fast food restaurant company in the United States that accepts bitcoin (BTC), announced Saturday that it is expanding to El Salvador.
“We are honored to be in the country of bitcoin,” the company said In an X post following Steak ‘n Shake’s participation in the country’s Bitcoin Histórico event on Wednesday and Thursday.
Steak ‘n shake Started accepting BTC for payment In its stores in May, and the company’s chief operating officer, Dan Edwards, told Cointelegraph that the goal is to accept BTC at all of the company’s locations around the world.
The company connects approx 11% increase in same store sales in Q2 with its decision to start accepting BTC in its restaurants.
The company has become iconic in the Bitcoin community and features a growing number of Merchants accept BTC for goods and services. Accepting BTC as soft for small, everyday purchases is also a sign of mass adoption.
Related: Steak ‘n Shake Bitcoin Reserve: Happy Meal for Hodler or No Burger?
Steak ‘n Shake Backtracks on accepting ether as a payment method and celebrates Q3 sales
Steak ‘n Shake polled its followers on the X social media platform in October, asking if it should accept the ether (Eth) as payment to its locations.
53% of the 48,815 followers polled vote In favor of the proposal, sparking significant Backlash from the Bitcoin community.
“ETH is centralized garbage. Freedom is freedom. Doing this will make you lose all your bitcoiner business, including mine,” Bitcoin maximalist Ron Sovereignty Swanson said In response.
Although initially promising to “follow the results” of the social media poll, Steak ‘n Shake backtracked on the proposal to accept et.
“Poll suspended. Our loyalty is with bitcoiners. You spoke. Who authorized this? I’m back at my desk,” the company said On October 11 – the same day polling began.
In November, the company celebrated Strong Q3 sales, touting a 15% quarter-over-quarter increase in same-store sales.
Steak ‘n Shake managed to lead all other competitors in the fast food category for same-store sales growth in Q3, along with McDonald’s, Burger King, Taco Bell, and Coffeehouse Starbucks.
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